Is there still a profit-making effect in the crypto world? Bitcoin has risen from over 60,000 last September to over 110,000 now, Ethereum has gone from 2,600 to 4,200, while altcoins have been halved again and again. The key is that this is still under a bull market, and it's actually quite average, or even can be said to be poor.

I don't know how long it has been since anyone has heard the term 'hundredfold coin', let alone 'thousandfold coin'. In previous bull markets, everyone was looking for and discussing: which is the next hundredfold coin? Yes, it's not that there are no hundredfold coins, but rather who the next one is? When altcoins surged a hundredfold, they attracted a large number of retail investors from outside the market, bringing about a huge wealth effect. New wealth, in order to stabilize, then transferred to holding Bitcoin and Ethereum. Bitcoin continued to rise, and the prosperity of the Ethereum ecosystem also pushed Ethereum higher, forming a positive cycle.

However, this time, hundredfold coin?? How many people now view altcoins as not even a hundredfold, being thankful if they see a threefold increase. Currently, Bitcoin and Ethereum completely rely on institutions to hype them up, while in reality, regardless of the application ecosystem, it is all stagnant. Funds are only pulling Bitcoin and Ethereum, completely neglecting altcoins and public chain ecosystems, ultimately resulting in a bizarre scene where retail investors are not entering, and institutions are hyping themselves. However, how long can this situation last? When Bitcoin reached a new high of 120,000 USD, it was calm everywhere. When Ethereum hit 4,800, it was still calm, with no discussions and no one showing interest. This is very normal; the wealth creation effect is too low. The key is, if a new industry and new market have no wealth creation effect, why should I go into this uncertain new market? New funds are not coming in, and the funds entering from institutions cannot afford to lose, so they can only continue to maintain. Now, the circulating Bitcoin in the market is decreasing, and the voice of mining farms is also getting smaller. The cryptocurrency market dominated by institutions is becoming increasingly distorted. Without a season for altcoins, can this false prosperity really continue?